Bitcoin Rises 1.7% as Gold Declines 1.5%
Recent market dynamics show a divergence between gold and bitcoin. Gold has reached new record highs, while bitcoin struggles despite similar bullish catalysts such as easing monetary policy and rising corporate adoption.
- Gold's price recently dropped by 1.5% to $3,759 per ounce, while bitcoin rose by 1.7% to $113,7000.
- Year-to-date, gold has increased by 42%, outperforming bitcoin’s 22% gain.
- Since early 2024, gold is up 82% compared to bitcoin's 155% rise.
- From the start of 2023, gold has more than doubled, whereas bitcoin has increased six-fold from the low point of the 2022 crypto winter.
While currently moving in opposite directions, both gold and bitcoin have historically shown parallel trends as hedges against inflation and government spending over longer periods.